United States Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Securities and Exchange Commission, Commodity Futures Trading Commission, Uniform Law Commission

Risk Level

medium

Primary Legislation

Bank Secrecy Act (1970), Securities Act of 1933 / Securities Exchange Act of 1934 (1933), State trust companies (STCs) can act as qualified custodians for RIAs and regist, California passed the Digital Financial Assets Law (DFAL) in October 2023 (AB 39, Uniform Regulation of Virtual-Currency Businesses Act, SB 305 (2025): Enacted law establishing registration and operating requirements, Maryland Financial Consumer Protection Act of 2018: Directed study of blockchain, South Carolina Blockchain Industry Empowerment Act, Strategic Digital Assets Reserve Act, Recent proposed bill (early 2025, unnamed in source): Aims to regulate crypto pa, Early 2025 bill discussions on payments/taxes/mining.2, Wyoming Money Transmitters Act/HB 0075: https://natlawreview.com/article/wyoming

Travel Rule

Adopted — Threshold: $3,000

Tax Reporting

IRS treats crypto as property; capital gains/losses on disposal; Form 1099-DA (effective 2026); Form 1040 crypto question mandatory; mining/staking taxed as ordinary income

Key Facts

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